| Nevada                                                         |   | 46-0521269                           |
|----------------------------------------------------------------|--------|--------------------------------------|
| (State or other jurisdiction of incorporation or organization) |   | (I.R.S. Employer Identification No.) |

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| PART I - FINANCIAL INFORMATION                                                               | 2 |
|----------------------------------------------------------------------------------------------|---|
| Item 1. Financial Statements                                                                 | 2 |
| Item 2. Managements Discussion and Analysis of Financial Condition and Results of Operations | 3 |
| Item 3. Quantitative and Qualitative Disclosures About Market Risk                           | 6 |
| Item 4. Controls and Procedures                                                              | 6 |
| PART II - OTHER INFORMATION                                                                  | 7 |
| Item 1. Legal Proceedings                                                                    | 7 |
| Item 2. Unregistered Sales of Equity Securities and Use of Proceeds                          | 7 |
| Item 3. Defaults Upon Senior Securities                                                      | 7 |
| Item 4. Submission of Matters to a Vote of Security Holders                                  | 7 |
| Item 5. Other Information                                                                    | 7 |
| Item 6. Exhibits                                                                             | 7 |

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PART I - FINANCIAL INFORMATION

Item 1.  Financial Statements

| Condensed Consolidated Balance Sheets as of March 31, 2011 (Unaudited) and June 30, 2010                            | F-1 |
|--------------------------------------------------------------------------------------------------------------------------|-----|
| Condensed Consolidated Statements of Operations for the three and nine months ended March 31, 2011, and 2010 (Unaudited) | F-2 |
| Condensed Consolidated Statements of Cash Flows for the  nine months ended March 31, 2011 and 2010 (Unaudited) | F-3 |
| Notes to the Condensed Consolidated Financial Statements (Unaudited)                                                     | F-4 |

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|                                                                                                                                   |   | March 31, 2011 |       |   | JUNE 30, 2010 |   |
|----------------------------------------------------------------------------------------------------------------------------------------|--------|----------------|------------|--------|---------------|--------|
| Assets                                                                                                                                 |   | (UNAUDITED)    |       |   |          |   |
| Current assets                                                                                                                         |   |           |       |   |          |   |
| Cash and cash equivalent                                                                                                               |   | $              | 29,285     |   |          | $      | 47,263 |   |
| Accounts receivable, net of allowance of $37,106 and $35,663 at March 31, 2011 and 2010, respectively                                  |   |           | 1,754,914  |   |          |   | 1,910,862 |   |
| Total current assets                                                                                                                   |   |           | 1,784,199  |   |          |   | 1,958,125 |   |
|                                                                                                                                   |   |           |       |   |          |   |   |   |
| Fixed assets, net                                                                                                                      |   |           | 53,520     |   |          |   | 68,588 |   |
| Intangible assets, net                                                                                                                 |   |           | 48,704     |   |          |   | 55,811 |   |
| Other Assets- Deposit                                                                                                                  |   |           | 3,323,058  |   |          |   | 3,055,410 |   |
| Film costs                                                                                                                             |   |           | 1,870,538  |   |          |   | 1,785,939 |   |
|                                                                                                                                   |   |           |       |   |          |   |   |   |
| Total assets                                                                                                                           |   | $              | 7,080,019  |   |          | $      | 6,923,873 |   |
|                                                                                                                                   |   |           |       |   |          |   |   |   |
| Liabilities and Stockholders' Equity                                                                                                   |   |           |       |   |          |   |   |   |
| Current liabilities                                                                                                                    |   |           |       |   |          |   |   |   |
| Accounts payable                                                                                                                       |   | $              | 170,362    |   |          | $      | 180,905 |   |
| Accrued liabilities                                                                                                                    |   |           | 20,574     |   |          |   | 10,303 |   |
| Short term debt                                                                                                                        |   |           | 121,760    |   |          |   | 117,496 |   |
| Due to related parties                                                                                                                 |   |           | 135,814    |   |          |   | 281,645 |   |
| Deferred revenue                                                                                                                       |   |           | 228,300    |   |          |   | - |   |
| Total current liabilities                                                                                                              |   |           | 676,810    |   |          |   | 590,349 |   |
|                                                                                                                                   |   |           |       |   |          |   |   |   |
| Stockholders’ ' equity                                                                                                           |   |           |       |   |          |   |   |   |
| Common stock, $0.00001 par value, 180,000,000 shares authorized; 39,750,000 and 39,750,000 shares issued and outstanding, respectively |   |           | 398        |   |          |   | 398 |   |
| Additional paid-in capital                                                                                                             |   |           | 13,972,839 |   |          |   | 8,748,246 |   |
| Accumulated other comprehensive income                                                                                                 |   |           | 999,739    |   |          |   | 483,610 |   |
| Accumulated deficit                                                                                                                    |   |           | (8,569,767 | )      |          |   | (5,267,950 | ) |
| Total China Media Inc.'s stockholders' equity                                                                                          |   |           | 6,403,209  |   |          |   | 3,964,304 |   |
| Non-controlling interest                                                                                                               |   |           | -          |   |          |   | 2,369,220 |   |
| Total Stockholders' equity                                                                                                             |   |           | 6,403,209  |   |          |   | 6,333,524 |   |
|                                                                                                                                   |   |           |       |   |          |   |   |   |
| Total liabilities and Stockholders’' equity                                                                                      |   | $              | 7,080,019  |   |          | $      | 6,923,873 |   |

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|                                                                       |   |     | Three Months Ended |   |   | Nine Months Ended |       |
|----------------------------------------------------------------------------|--------|----------|--------------------|--------|--------|-------------------|------------|
|                                                                       |   |     | March 31,          |   |   | March 31,         |       |
|                                                                       |   |     | 2011               |   |   | 2010              |       |   | 2011 |   |   | 2010 |   |
|                                                                       |   |     |               |   |   |              |       |   |   |   |   |   |   |
| Revenues                                                                   |   | $        | 238,301            |   |   | $                 | 38,810     |   |   | $ | 416,794 |   |   | $ | 1,211,877 |   |
| Cost of revenues                                                           |   |     | 219,443            |   |   |              | 34,615     |   |   |   | 378,542 |   |   |   | 1,207,682 |   |
| Gross profit                                                               |   |     | 18,858             |   |   |              | 4,195      |   |   |   | 38,252 |   |   |   | 4,195 |   |
|                                                                       |   |     |               |   |   |              |       |   |   |   |   |   |   |   |   |   |   |
| Selling, general and administrative                                        |   |     | 34,276             |   |   |              | 20,931     |   |   |   | 171,670 |   |   |   | 157,472 |   |
| Depreciation and amortization expense                                      |   |     | 8,737              |   |   |              | 15,573     |   |   |   | 26,028 |   |   |   | 46,794 |   |
| Total operating expenses                                                   |   |     |               | 43,013 |   |              |       | 36,504 |   |   |   | 197,698 |   |   |   | 204,266 |   |
|                                                                       |   |     |               |   |   |              |       |   |   |   |   |   |   |   |   |   |   |
| Other income (expense)                                                     |   |     |               |   |   |              |       |   |   |   |   |   |   |   |   |   |
| Interest income                                                            |   |     | -                  |   |   |              | 44,467     |   |   |   |   |   |   |   | 44,467 |   |
| Government subsidies/grants                                                |   |     | 12                 |   |   |              | 7,326      |   |   |   | 2,994 |   |   |   | 7,326 |   |
| Interest expense                                                           |   |     | -                  |   |   |              | -          |   |   |   |   |   |   | - |   |
| Net income (loss) before income taxes                                      |   |     | (24,143            | )      |   |              | 19,484     |   |   |   | (156,452 | ) |   |   | (148,278 | ) |
| Income taxes                                                               |   |     | 1,185              |   |   |              | -          |   |   |   | 1,185 |   |   |   | - |   |
| Net income (loss)                                                          |   |     | (25,328            | )      |   |              | 19,484     |   |   |   | (157,637 | ) |   |   | (148,278 | ) |
| Less: Net income (loss) attributable to non-controlling interest           |   |   |               |   |   | (7,285            | )          |   |   | 10,743 |   |   |   | 52,160 |   |
| Net income (loss) attributable to China Media Inc.                         |   | $        | (25,328            | )      |   | $                 | 12,199     |   |   | $ | (146,894 | ) |   | $ | (96,118 | ) |
|                                                                       |   |     |               |   |   |              |       |   |   |   |   |   |   |   |   |   |   |
| Other Comprehensive Income (loss)                                          |   |     |               |   |   |              |       |   |   |   |   |   |   |   |   |   |
| Net income (loss)                                                          |   |     | (25,328            | )      |   |              | 19,484     |   |   |   | (157,637 | ) |   |   | (148,278 | ) |
| Foreign currency translation gain                                          |   |     | 40,702             |   |   |              | (16,202    | ) |   |   | 227,322 |   |   |   | (10,860 | ) |
| Comprehensive Income (loss)                                                |   |     | 15,374             |   |   |              | 3,282      |   |   |   | 69,685 |   |   |   | (159,138 | ) |
| Less: Comprehensive (income) loss attributable to non-controlling interest |   |     | -                  |   |   |              | (1,227     | ) |   |   | 25,338 |   |   |   | 59,502 |   |
| Comprehensive loss attributable to China Media Inc.                        |   |     | 15,374             |   |   |              | 2,055      |   |   |   | 44,347 |   |   |   | (99,636 | ) |
|                                                                       |   |     |               |   |   |              |       |   |   |   |   |   |   |   |   |   |
| Net Income (loss) per common share, basic and diluted                      |   | $        | (0.00              | )      |   | $                 | 0.00       |   |   | $ | (0.00 | ) |   | $ | (0.00 | ) |
| Weighted average number of shares outstanding- basic and diluted           |   |     | 39,750,000         |   |   |              | 39,750,000 |   |   |   | 39,750,000 |   |   |   | 39,750,000 |   |

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|                                                                                     |   | Nine Months Ended |     |
|------------------------------------------------------------------------------------------|--------|-------------------|----------|
|                                                                                     |   | 2011              |     |   | 2010 |   |
| CASH FLOWS OPERATING ACTIVITIES                                                          |   |              |     |   |   |   |
| Net income (loss)                                                                        |   | $                 | (157,637 | ) |   | $ | (148,278 | ) |
| Adjustments to reconcile net income (loss) to net cash provided by operating activities: |   |              |     |   |   |
| Contributed rent                                                                         |   |              | -        |   |   |   | 8,791 |   |
| Amortization expense                                                                     |   |              | 8,982    |   |   |   | 8,791 |   |
| Depreciation expense                                                                     |   |              | 17,046   |   |   |   | 38,003 |   |
| Impairment loss                                                                          |   |              |     |   |   |   | - |   |
| Changes in operating assets and liabilities:                                             |   |              |     |   |   |   |   |   |
| Accounts receivable                                                                      |   |              | 221,594  |   |   |   | (123,604 | ) |
| film cost                                                                                |   |              | (19,461  | ) |   |   | (3,256,623 | ) |
| Accounts payable                                                                         |   |              | (16,721  | ) |   |   | 11,087 |   |
| Accrued expenses                                                                         |   |              | 9,734    |   |   |   | (677 | ) |
| Deferred Revenue                                                                         |   |              | 224,550  |   |   |   | - |   |
| Net cash provided by operating activities of operations                                  |   |              | 288,087  |   |   |   | (3,462,510 | ) |
|                                                                                     |   |              |     |   |   |   |   |   |
| CASH FLOW INVESTING ACTIVITIES                                                           |   |              |     |   |   |   |   |   |
| Cash paid for purchase of fixed asset                                                    |   |              | 223      |   |   |   | (2,680 | ) |
| Cash paid for investment                                                                 |   |              | (154,191 | ) |   |   |   |   |
| Net cash provided by (used in) investing activities                                      |   |              | (153,968 | ) |   |   | (2,680 | ) |
|                                                                                     |   |              |     |   |   |   |   |   |
| CASH FLOW FINANCING ACTIVITIES                                                           |   |              |     |   |   |   |   |   |
| Proceeds from due to related parties                                                     |   |              | (153,489 | ) |   |   | 136,452 |   |
| Net cash provided by (used in) financing activities                                      |   |              | (153,489 | ) |   |   | 136,452 |   |
|                                                                                     |   |              |     |   |   |   |   |   |
| Effect of exchange rate changes on cash                                                  |   |              | 1,392    |   |   |   | (15,495 | ) |
| NET CHANGE IN CASH                                                                       |   |              | (17,978  | ) |   |   | (3,344,233 | ) |
| CASH AT BEGINNING OF PERIOD                                                              |   |              | 47,263   |   |   |   | 3,375,449 |   |
| CASH AT END OF PERIOD                                                                    |   | $                 | 29,285   |   |   | $ | 31,216 |   |
|                                                                                     |   |              |     |   |   |   |   |   |
| SUPPLEMENTAL INFORMATION:                                                                |   |              |     |   |   |   |   |   |
| Interest paid                                                                            |   | $                 | -        |   |   | $ | - |   |
| Income taxes paid                                                                        |   | $                 | -        |   |   | $ | - |   |
|                                                                                     |   |              |     |   |   |   |   |   |
| SUPPLEMENTAL DISCLOSURE OF NON-CASH INVESTING AND FINANCING ACTIVITIES:                  |   |              |     |   |   |   |   |   |
| Short term debt offsets accounts receivable                                              |   | $                 | -        |   |   | $ | 117,026 |   |

----

----

----

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Item 2.  Managements Discussion and Analysis of Financial Condition and Results of Operations

|               |   | Nine Months EndedMarch 31, 2011($) |     |   | Nine Months EndedMarch 31, 2010($) |   |
|--------------------|--------|------------------------------------|----------|--------|------------------------------------|--------|
| Revenue            |   |                               | 416,794  |   |                               |   | 1,211,877 |   |
| Cost of Revenue    |   |                               | 378,542  |   |                               |   | 1,207,682 |   |
| Gross profit       |   |                               | 38,252   |   |                               |   | 4,195 |   |
| Operating Expenses |   |                               | 197,698  |   |                               |   | 204,266 |   |
| Other income       |   |                               | 2,994    |   |                               |   | 51,793 |   |
| Income taxes       |   |                               | 1,185    |   |                               |   | - |   |
| Net Income (Loss)  |   |                               | (157,637 | )      |                               |   | (148,278 | ) |

----

|               |   | Three Months EndedMarch 31,2011($) |     |   | Three Months EndedMarch 31,2010($) |   |
|--------------------|--------|-----------------------------------------|----------|--------|-----------------------------------------|--------|
| Revenue            |   |                                    | 238,301  |   |                                    |   | 38,810 |   |
| Cost of Revenue    |   |                                    | 219,443  |   |                                    |   | 34,615 |   |
| Gross profit       |   |                                    | 18,858   |   |                                    |   | 4,195 |   |
| Operating Expenses |   |                                    | 43,013   |   |                                    |   | 36,504 |   |
| Other Income(Loss) |   |                                    | 12       |   |                                    |   | 51,793 |   |
| Income tax         |   |                                    | 1,185    |   |                                    |   | - |   |
| Net income (Loss)  |   |                                    | (25,328) |   |                                    |   | 19,484 |   |

----

|                                                         |   | For the nine months ended |     |
|--------------------------------------------------------------|--------|---------------------------|----------|
|                                                         |   | March 31,                 |     |
|                                                         |   | 2011                      |     |   | 2010 |   |
|                                                         |   |                      |     |   |   |   |
| Net cash provided by (used in)operating activities           |   | $                         | 288,087  |   |   |   | (3,462,510 | ) |
| Net cash provided by (used in) investing activities          |   |                      | (153,968 | ) |   |   | (2,680 | ) |
| Net cash (used in)financing activities                       |   |                      | (153,489 | ) |   |   | 136,452 |   |
| Effect of exchange rate changes on cash and cash equivalents |   |                      | 1,392    |   |   |   | (15,495 | ) |
| NET CHANGE IN CASH                                           |   |                      | (17,978  | ) |   |   | (3,344,233 | ) |
| CASH AT BEGINNING OF PERIOD                                  |   |                      | 47,263   |   |   |   | 3,375,449 |   |
| CASH AT END OF PERIOD                                        |   | $                         | 29,285   |   |   | $ | 31,216 |   |

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Item 3.  Quantitative and Qualitative Disclosures About Market Risk

Item 4.  Controls and Procedures

----

PART II - OTHER INFORMATION

Item 1.  Legal Proceedings

Item 2.  Unregistered Sales of Equity Securities and Use of Proceeds

Item 3.  Defaults Upon Senior Securities

Item 4.  Submission of Matters to a Vote of Security Holders

Item 5.  Other Information

Item 6.  Exhibits

| ExhibitNumber | Exhibit Description                                                                                                                                                                           |
|---------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| 31.1          | Certification of Chief Executive Officer pursuant to Rule 13a-14(a) or 15d-14(a) of the Securities Exchange Act of 1934, as adopted pursuant to Section 302 of the Sarbanes-Oxley Act of 2002 |
| 31.2          | Certification of Chief Financial Officer pursuant to Rule 13a-14(a) or 15d-14(a) of the Securities Exchange Act of 1934, as adopted pursuant to Section 302 of the Sarbanes-Oxley Act of 2002 |
| 32.1          | Certification of Chief Executive Officer pursuant to 18 U.S.C. 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002                                                     |
| 32.2          | Certification of Chief Financial Officer pursuant to 18 U.S.C. 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002                                                     |

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|               | China Media Inc.                                               |
|--------------------|----------------------------------------------------------------|
|               | (Registrant)                                                   |
|               |                                                           |
|               | /s/ Dean Li                                                    |
| Date: May 11, 2011 | Dean Li                                                        |
|               | President, Chief Executive Officer                             |
|               | (Principal Executive Officer)                                  |
|               |                                                           |
|               | /s/ Ying Xue                                                   |
| Date: May 11, 2011 | Ying Xue                                                       |
|               | Chief Financial Officer                                        |
|               | (Principal Financial Officer and Principal Accounting Officer) |